Form 4: 10% Owner Berkowitz Sells JOE Shares

Bruce R. Berkowitz, a 10% owner and director of The St. Joe Company, reported the sale of 1,400 shares of common stock.

Summary

• Bruce R. Berkowitz, a Director and 10% Owner of The St. Joe Company (JOE), reported a sale of common stock.
• On March 4, 2026, 1,400 shares of common stock were sold at a price of $73.5 per share, totaling $102,900.
• Following this transaction, Mr. Berkowitz directly owns 606,866 shares.
• Additionally, 16,094,724 shares are indirectly beneficially owned through The Fairholme Fund, where Fairholme Capital Management, L.L.C. serves as investment manager, controlled by Mr. Berkowitz.
• Mr. Berkowitz and Fairholme disclaim beneficial ownership of the indirectly held securities except to the extent of their pecuniary interest.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative signal due to the insider sale by a significant owner and director, although the transaction size is relatively small compared to total holdings.

Negatives

• A 10% owner and director, Bruce R. Berkowitz, sold 1,400 shares of company common stock.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales, especially by significant shareholders and directors like Bruce R. Berkowitz, are closely watched by the market as they can sometimes signal a lack of confidence or a move towards diversification, though the small size of this particular transaction relative to total holdings may limit its immediate impact.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a negative signal, potentially influencing sentiment.

Key Dates

Recommendation

The sale of 1,400 shares by a 10% owner and director, Bruce R. Berkowitz, is a minor negative signal. While insider sales can indicate a lack of confidence, this transaction represents a very small fraction of Mr. Berkowitz's total direct and indirect holdings (approximately 0.008%). Without additional fundamental information or a larger, more significant divestment, this single transaction is unlikely to warrant a change from a 'hold' position, but it does introduce a slight cautionary note.

Keywords

ST JOE Co, JOE, Bruce R. Berkowitz, Fairholme Capital Management, Insider Trading, Form 4, Beneficial Ownership, Stock Sale, Director Transaction, 10% Owner